Blog Post

Feeling a bit cramped Facebook? Not for long! Playa Vista will soon be welcoming your new location with open arms. Earlier this week, Facebook signed a lease with Vantage property for a 250,000 square foot campus right on Jefferson Boulevard. The building is currently under construction, but Facebook is planning on moving into their new creative space late spring or early summer. Let’s hope they love it because Mr. Zuckerberg is spending some serious cash - $35,000 a month! Good luck with the move Facebook, were looking forward to seeing what creative juices start flowing in the new space.

Playa Vista is quickly becoming the new and improved Silicon Valley! Facebook took the lead in trend setting this move when they initially started working out of Playa Vista, but now companies like Yahoo, Google, YouTube, and Microsoft are also calling this place home. The mass amount of undeveloped land is what’s so intriguing. Easy accessibility is what’s most important to these tech companies and Playa Vista is close to major freeways, the beach, and LAX airport. This tech boom is fueling rapid change in nearby development, with new office and housing complexes, restaurants, and co-working spaces. There is currently an 11-acre retail, office, and residential space under development for the new comers.

There is no question that this ever-expanding tech world in Playa Vista is going to bolster the Los Angeles economy. Anything that creates high-paying jobs and hires educated people is a great thing for LA.

Read Full Article